The case involves an application filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional for M/s Zentora Overseas Careers Private Limited, seeking directions to Respondents 1-4 (ex-directors) to cooperate with the Interim Resolution Professional (IRP) and hand over the custody of the corporate debtor's records. The Corporate Insolvency Resolution Process (CIRP) was initiated against Zentora Overseas Careers Private Limited on 02.03.2020, after a petition filed under Section 7 of the Code by Walsons Services Private Limited/Financial Creditor was admitted. The IRP, Mr. Sridhar Venkatraya Sundararaja, was appointed.
On 02.03.2020, the petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by M/s Walsons Services Private Limited/Financial Creditor was admitted, initiating the Corporate Insolvency Resolution Process (CIRP) against M/s Zentora Overseas Careers Private Limited. Mr. Sridhar Venkatraya Sundararaja was appointed as the Interim Resolution Professional (IRP). After assuming charge, the IRP visited the registered office of the Corporate Debtor and found it occupied by another entity named “careeroverseas.com”. The ex-Director (Respondent No.1) handed over the admission order but informed the IRP that the Corporate Debtor did not exist at that address, and the IRP was served a legal notice for trespassing. The custody of assets and accounting records has
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Corporate Insolvency Resolution Process (CIRP)…
Hearing he…
The case involves an application filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional for M/s Zentora Overseas Careers Private Limited, seeking directions to Respondents 1-4 (ex-directors) to cooperate with the Interim Resolution Professional (IRP) and hand over the custody of the corporate debtor's records. The Corporate Insolvency Resolution Process (CIRP) was initiated against Zentora Overseas Careers Private Limited on 02.03.2020, after a petition filed under Section 7 of the Code by Walsons Services Private Limited/Financial Creditor was admitted. The IRP, Mr. Sridhar Venkatraya Sundararaja, was appointed.
On 02.03.2020, the petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by M/s Walsons Services Private Limited/Financial Creditor was admitted, initiating the Corporate Insolvency Resolution Process (CIRP) against M/s Zentora Overseas Careers Private Limited. Mr. Sridhar Venkatraya Sundararaja was appointed as the Interim Resolution Professional (IRP). After assuming charge, the IRP visited the registered office of the Corporate Debtor and found it occupied by another entity named “careeroverseas.com”. The ex-Director (Respondent No.1) handed over the admission order but informed the IRP that the Corporate Debtor did not exist at that address, and the IRP was served a legal notice for trespassing. The custody of assets and accounting records has
…Corporate Insolvency Resolution Process (CIRP)…
Hearing he…